Thursday, October 29, 2015

Bman's Day Trader Bible Check List

*Multiple news wires (6) with right alerts, whistles ,and bells.

* Ability to read and interpret pr wires and sec filings

* Multiple squawk boxes (3)

* Broker direct access long and short

* Proper hot keys to place orders fast and efficiently

* Multiple scanners to detect order flow (14)

* Keen understanding of support and resistance zones

* Education on how to interpret moving averages

* Understanding of investor psychology

Tuesday, October 27, 2015

Picture of my bio sector scan.

Important to watch key portfolios/sectors during the trading day. With a click of the button you need to spot the action and be ready for buy spots. I have multiple tabs to watch the trading action off this specific program. Best part this program is FREE!!!!

Sunday, October 25, 2015

Social media has created delusions of grandeur that you can learn to trade and make money overnight.

Trading is one the hardest professions that churns and burns almost all new comers. My best advice is to first set up a quality platform that gives you the best chance to find quality ideas. Then learn how to use the tools to navigate and manage your trading account.

Sunday, September 27, 2015

Trade lesson #1

Not what you make it's what you don't lose that determines whether you make it as a trader. Winners know how to cut losers.

Sunday, April 6, 2014

The stress of being a to cope.

Coping With Trading Stress

Trading is a marathon not a sprint. Often time’s new traders allow one bad day to alter not only their trading styles, but their emotions as well. In order to be a successful trader you have to learn to put tough trading days in their place. Do you think every game Michael Jordan lost; he then went home and changed his entire style of play. When Tiger Woods has an off day, do you think he immediately calls his swing coach to develop a new swing strategy?

Set Daily Limits

Have a maximum amount of money you are willing to risk per day as a part of your day trading activities. Base this number on your comfort level. If in the unfortunate event this number is hit, immediately stop trading. You can always get it back on another day. For example, let’s say you are comfortable risking $500 per day. But, then you break this rule and end up losing $1,500. How do you think this will make you feel? Set a number you can live with and forget about everything else.

Saturday, January 18, 2014

Why 90-95% of traders lose !!!!!!

    They risk too much to try to make so little.

    They trade with the probabilities against them.

    They think trading is easy money.

    Instead of focusing on learning how to trade they focus on getting rich.

    They blow up due to improper position sizing.

    With no understanding of the mathematical risk of ruin they are doomed after the first long
    string  of losing trades.

    They don’t do their homework.

    They trade opinions not robust systems.

    They go looking for ‘trades’ instead of a methodology.
    They have no trading plan.

    They attempt to piggy back on the trades another trader but don’t understand the risks.

    Most new traders quit when they realized how much work is involved in trading successfully.

    Most traders quit when they learn how many losing trades they will have to have to get to get to the winners.        

    New traders quit if they do not have a passion for trading itself.

    Many new traders will give up the moment they realize that trading does
    not have guaranteed income, you are an entrepreneur.

    They are not willing to pay the tuition to learn to trade in time, study, and losing trades.

    They are crushed by the learning curve that they do not work hard enough to get through.

    We lose a lot of new traders when they realize that trading is actually harder than their job.

    The traders that don’t make it quit when they were tired, frustrated, and stressed out,
    the winning traders quit after they had figured trading out.

Thursday, November 7, 2013

TWGP trading alert

 Update: Issuer made a quick .16 move from 3.91 alert.....5 minute lag before it took off.....timely idea

4 break and this could squeeze imo.  If traders take out 20dma one would expect a measured move higher.

Thursday, October 31, 2013


Update : Issue hit 1.58 intra high on pierce of trend line from 1.41

Textbook breakout chart on watch after good eps report 1.41 idea

Street article posted 2:26 EST

Tuesday, October 29, 2013

MEET breakout chart

4:00 PM update issue closed high of day at 2.40 from 2.16 idea

Possible breakout into Twitter IPO November 6th....break of key trend line on watch given huge run in FB.

Saturday, October 26, 2013

FCEL Chart Lesson

Perfect example of buying an issue before it breaks a key trend line. Idea was presented at 1.26 on a key broker upgrade. I reiterated the idea when the issue pierced the key trend line earlier this week. Per the chart when the resistance was taken out at 1.40 the issue moved up faster.